CVC
CivicUSD 0.147128
as of 2024-10-15 14:40:02 UTC
What
What is Civic (CVC)?
Civic (CVC) is a cryptocurrency that operates on the Civic blockchain. The Civic platform is designed to provide identity verification and authentication services using blockchain technology.
The CVC coin is the native token of the Civic ecosystem and is used to facilitate various functions within the network, including:
1. Identity verification: CVC can be used to pay for identity verification services on the Civic platform.
2, Identity attestation: CVC can be used to pay for the attestation of data that proves one's identity, such as a driver's license or passport.
3. Access to services: CVC can be used to access certain services within the Civic ecosystem.
4. Rewards: Civic may offer CVC rewards to incentivize users to participate in the network, such as referring others to use the platform.
Overall, CVC is an integral part of the Civic ecosystem and plays a critical role in facilitating identity verification and authentication on the platform.
Why
Why was Civic (CVC) invented?
Civic (CVC) is a blockchain-based digital identity platform that was created to provide secure, decentralized and self-sovereign identity verification for individuals and businesses.
The founders of Civic recognized the need for a more secure and efficient way to manage personal information and identity verification, particularly in the digital age where identity theft and fraud are increasingly common. They also saw the potential of blockchain technology to provide a decentralized and tamper-proof solution for identity verification.
Civic allows users to create and control their own digital identity, which can be used for a variety of purposes such as opening a bank account, accessing online services, or verifying their age for purchasing age-restricted products. Civic also provides businesses with a secure and efficient way to verify the identity of their customers without needing to store their personal information.
In summary, Civic was created to provide a more secure and efficient way to manage digital identity verification, using the decentralized and tamper-proof nature of blockchain technology.
Who
Who created Civic (CVC)?
Civic (CVC) was created by Vinny Lingham and Jonathan Smith. Vinny Lingham is a well-known entrepreneur in the cryptocurrency and blockchain space, having previously founded the e-gift card platform Gyft and co-founded the blockchain identity startup, Civic. He is also a member of the Bitcoin Foundation and a regular contributor to industry conferences and events.
Jonathan Smith is a software engineer with over 20 years of experience in the tech industry, including working on projects at Google, LinkedIn, and Electronic Arts. He is the co-founder and CTO of Civic, responsible for overseeing the development and implementation of the platform's technical infrastructure.
Together, Lingham and Smith founded Civic in 2016 with the goal of revolutionizing the way personal information and identity verification are managed, using blockchain technology to provide a secure, decentralized, and self-sovereign solution.
When
When was Civic (CVC) launched?
2016-06-22
Where
Where can you buy/invest in Civic (CVC)?